I'm for it. PA on upward break of 9220 TL is soooo weak I smell at least more retraces coming. Maybe DPP @ 9270 or little below could be a nice entry point for shorts.

AUD/USD

I propose there will be a huge quantity of stops just below 9220 where the large old UTL is, WPP @ 9146 is more likely imo if it goes below 9220

AUD/USD

All clear thank you very much, already searching

Auslanco - GBP/JPY and GBP/USD (newstrade)

Sorry, same direction in this case is "down" or between 45 and 90 degrees. The steepness of the line on the oscillator in your example is different from the steepness of the price (wite line). What is the argument choosing the level between 45 and ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

How do you define "played out" (where the orange box is), I can see the down-move after the bearish divergence? Is it the price level where the bearish divergence starts?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Ah I see, words finally get a meaning Thanks a lot

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks, sorry to be off-topic, but would you consider this pattern a clear example of bearish divergence? image

Auslanco - GBP/JPY and GBP/USD (newstrade)

Possible H&S — image

AUD/USD

question — What would be a proper TF to observe possible divergences?

Auslanco - GBP/JPY and GBP/USD (newstrade)

Look who is talking, but I don't see it atm. For some reason GU is almost back where it came from UJ is responsible for current level of GJ, but it has done enough for a day when I look at its PA. Maybe it needs more time....

Auslanco - GBP/JPY and GBP/USD (newstrade)

Thanks guys, just wondering the declining TL a OK. The ascending TL I would have drawn it a little steeper with another start point. Did you draw it without knowing the last bottom?

Auslanco - GBP/JPY and GBP/USD (newstrade)

I'm really p*ssed off. I had a beautifull short position in GJ @ 143.75 when Malcom warned that a break of 152.75 in GU would mean 1.538 Than GB-data came => GU to 152.85 on that damn false move, me panicing and closing my GJ short @ 143.49 Now I ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

Looks like you get another chance........

Auslanco - GBP/JPY and GBP/USD (newstrade)

0.8500

AUD/USD

Thanks for the explanation, but on the end we are all lined up. I think it was a great call because during the upmove he called exactly the level where it now stays for hours on which I based my GJ short

Cable Update (GBPUSD)

Nice to hear, I am not using pivot points, I see daily is @ 1.5263 though so I assume you think it is very bulish that price is above that level.... But I'm not good in guessing

Cable Update (GBPUSD)

Why not ?

Cable Update (GBPUSD)

Sharp view, thanks!

Cable Update (GBPUSD)

Last option I think, 142.6 I would guess

Auslanco - GBP/JPY and GBP/USD (newstrade)

mmm — Both GU and UJ look bulish to me.....

Auslanco - GBP/JPY and GBP/USD (newstrade)